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Variable Annuity
Rider bbes
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Nirmala
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GW
● Terminated
Guaranteed Withdrawal Benefit for Life
Modified 12 months ago
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DTCC ID
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RIDER TYPE
GLWB
COMPANY
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INCEPTION
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Details
BBE
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NAME
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INTERNAL CASE NAME
RIDER TYPE
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GLWB
GMAB
GMIB
GMWB
PRODUCT POLICY TYPE
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Fixed Annuity
Indexed Annuity
RILA
Variable Annuity
FORMULA
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Benefit Base
BENEFIT BASE — GENERAL
The Benefit Base (BB) at contract issue, is equal to initial contribution and will increase or decrease, as follows: (1) benefit base increases by any subsequent contributions; (2) benefit base may be increased on each contract anniversary; and (3) benefit base is not reduced by withdrawals except those withdrawals that cause total withdrawals in a contract year to exceed withdrawal amount. Initial withdrawal amount is equal to a percentage of benefit base.
BENEFIT BASE — WITHDRAWAL
For withdrawal benefit for life option, additional contributions are not permitted after the later of: (i) the end of the first contract year; and (ii) at the time of first withdrawal.
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Contract Value
Fixed Account Value
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